Alcohol, autos among key irritants in Canada-U.S. trade talks
Canadian and U.S. officials are meeting daily as Trump’s tariff threat could hit $20 billion in goods and deepen trade tensions.
- On Tuesday, President Donald Trump and Canadian Prime Minister Mark Carney held last-minute talks to avert 50% tariffs on $20 billion of Canadian goods scheduled to take effect at 12:01 a.m. Wednesday.
- Trump invoked Section 338 of the 1930 Tariff Act to justify the levies, aiming to force manufacturing back to the United States amid decades of trade tensions.
- Nearly 72% of Canadian goods exports went to the United States last year, while the 5,525-mile border facilitates $2 billion in daily trade between the two nations.
- Carney described the current talks as "very intense and delicate" while speaking to reporters Monday, as both sides seek a truce to avoid escalating the trade dispute.
- Ryan Majerus, a partner at King & Spalding, said "there's a pretty strong push on both sides to find an off ramp here," suggesting neither side truly wants the tariffs implemented.
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138 Articles
These new customs duties, which were to come into effect on Wednesday morning, were suspended for three days, covering the equivalent of $20 billion in Canadian imports and related to products as varied as cement, ice hockey butts or beer.
ussanews.com
conservativeamericatoday.comCapitol Panic As Tariff Clock Ticks
With days left before a 50% tariff hits hundreds of Canadian goods, U.S. and Canadian negotiators are racing to strike a deal that could spare consumers and small businesses on both sides of the border. Story Snapshot President Trump signed proclamations to levy 50% tariffs on many Canadian imports starting August 19. Talks have intensified...
Troy Media
Calgary's BusinessCanada’s China strategy faces an Aug. 19 reckoning
Selling more to China makes economic sense, but relying too heavily on Beijing could put our vital U.S. relationship at risk On July 20, the White House proclaimed additional 50-per-cent tariffs on selected Canadian goods under Section 338 of the Tariff Act of 1930, a provision allowing tariffs against countries that disadvantage U.S. commerce. They are scheduled to take effect at 12:01 a.m. ET on Aug. 19. The legal complaints concern Canadian t…
(New York = Yonhap News) Correspondent Kim Yeon-sook = With the U.S. 50% tariff on Canadian products set to take effect just one day away on the 18th (local time), the leaders of the two countries...
TVA Nouvelles
Le Journal de QuebecMark Carney was not wrong when he said that Canada was in "position of force" against the United States, but that was not the case immediately.
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